UAE consumers expect a cashless society by 2030

UAE consumers expect a cashless society by 2030

Almost two-thirds of people in the UAE (64% in the UAE and 64% globally) expect the country to go fully cashless, with a majority of the public expecting this to happen by 2030. Standard Chartered's latest global survey says Covid-19 has seen consumers across the world ditch cash and in-person shopping in favour of online spending. Almost two-thirds of survey respondents around the world (73 per cent in the UAE) agree that Covid-19 has made them more positive about online shopping, but they are also more careful with their spending and want new ways to track their money digitally. The study of 12,000 adults across 12 markets – Hong Kong, India, Indonesia, Kenya, Mainland China, Malaysia, Pakistan, Singapore, Taiwan, UAE, the UK and the US – is the second in a three-part series,